Peskov: Russia has prepared a list to seize Western assets if the West confiscates Russian money
He said this would undermine other countries' confidence in the US and EU as economic pseudo-guarantors
Russia has prepared a list of Western assets that it will confiscate if the West seizes its assets, Kremlin spokesman Dmitry Peskov said on Friday, declining to specify what is on the list.
Source. Reuters reports.
"Understanding the unpredictability of our counterparties, complete unpredictability, and understanding their tendency to violate international law and other laws, including their own national laws, understanding also their tendency to self-destruction, I mean the destruction of the modern economic system, undermining confidence in the basic tenets of the world system, I mean the main reserve currency, the principles of inviolability of property and so on, of course, we have analyzed possible retaliatory steps in advance and will do everything in the way that best serves our national interests," he said.
Reuters cited sources as saying that the G7 leaders will discuss a new legal theory at a meeting in February that would allow for the confiscation of $300 billion of frozen Russian assets.
"No theory can be legal, only pseudo-legal. And most importantly, it will be a major blow to the main parameters of the international economy, it will undermine the international economy, it will undermine the confidence of other countries in the US and the EU as pseudo-guarantors of economic security. Therefore, such actions are fraught with very, very serious consequences," Peskov said.
"At one time, when the Europeans and Americans imposed unprecedented sanctions against us, they did not think about the boomerang effect. But now it is already evident, and they are not just thinking about it, but many are already wondering whether they did the right thing. Such actions in terms of stealing our assets will have even more disastrous consequences," the Kremlin's mouthpiece said.
Background. As a reminder, the Financial Times wrote that the United States had found a legal way to transfer Russian assets to Ukraine.
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